Iowa Land Auction Prices, July 28-August 3, 2017

Greetings! There was more land offered at auction this week as compared to last week. 1,269 acres of land were offered, of which 1,163 acres were tillable. There were a couple of “no sales” but I do not think it is an indication of a weakening market. Here are the highlights:

The extended weather forecast is for cooler temperatures and increasing chances of rain. August rain makes the soybean crop. Grain prices have turned south due to parts of the Midwest getting much needed rain.

“That’s my story and I’m sticking to it!” Please check back next week to see what the Iowa land market is doing.